GBPUSD SHORTCriteria Zone of interest on the higher time frame. Range- Sell below the range, buy above the range. Longby sifitrend0
Fundamental Market Analysis for September 04, 2024 GBPUSDEvents to watch out for today: 11:30 GMT+3. GBP - Composite PMI 15:30 GMT+3. USD - Foreign Trade Balance GBPUSD: GBP/USD declined on Tuesday, briefly testing below 1.3100. Dollar trading intensified after fresh US purchasing managers' index (PMI) data failed to meet market expectations, reigniting investor concerns about the possibility of recession in the US. Little data is expected in the UK on Wednesday, with little of note other than the low PMI reading for August. US employment data remains key for market participants this week. The ISM US Manufacturing PMI for August came in below expectations at 47.2, falling short of the median forecast of 47.5. Despite the soft rebound from July's multi-month low of 46.8, it failed to cheer markets, giving already cautious investors a great reason to pull back from the recent lopsided bias towards bullish expectations. Friday's US Non-Farm Payrolls (NFP) report is of great importance. It represents the last round of key US labour data before the Federal Reserve (Fed) announces its latest rate decision on 18 September. Friday's NFP report is expected to set the tone for market expectations regarding the depth of the Fed's rate cut, as investors are already fully geared up for the start of a new round of rate cuts this month. Trading recommendation: Trade mainly with buy orders at the price level of 1.3160. We consider sell orders at the price level of 1.3080.by Fresh-Forexcast20040
GBPUSD BuyBuy GBPUSD once touch the Asia low. Looking at GBPUSD now, the buy trend is still valid. If this broke, the pattern is shift to Sell.Longby tradingwith_ryann220
GBPUSD WILL FALL HARD SELLtp and sl mentioned, intraday trade always breakeven after 20 pipsShortby ArehmanB3
GBPUSD BUY SIGNAL ANALYSISHere on GBPUSD price has made support around area of 1.3109 and is now trying to go up . According to Elliott wave price has predicted going up so going for LONG is needed and targeting profit should be around 1.3261 . Use money managementLongby FrankFx140
Short GBPUSDContinuation of bearish trend. BOS of the low. Supply zone @ 1.31239 - 1.31171. Bullish trend-line(liquidity). Wait for the 15 EMA to cross below in the M1 for entries. SL @ 1.31187 TP @ 1.31022Shortby bapsii2
Gbpusdbearish.... asian took the negative u.s. lead, nikkei -3.3% capping risk sensitive gbpShortby no379pdf0
GBPUSD bearishGU in bearish trendline LH & LL sell limit entry at fib .5 SL above last LHShortby fay_pasai110
GBPUSD | Marketoutlook Investors are preparing for the publication of macroeconomic data next week. The June unemployment rate may increase from 4.4% to 4.5%, with employment falling by 35.000 and the dynamics of average wages, including bonuses, from 5.7% to 4.5%, showing signs of a cooling labor market. In July, the consumer price index, according to preliminary estimates, will adjust from 2.0% to 2.3% YoY, and the core indicator from 3.5% to 3.4%, in line with the Bank of England’s calculations, as a result of which the regulator’s officials will continue the cycle of interest rate cuts.Longby DCFX-TAUpdated 2
Sell I'm selling from that block as a result of expansion and my target is on the 4hour timeframe. Shortby Eseduabasi4
CALLING SHORTS ON GU (A LIFELONG STRATEGY THAT WORKS!)Hi Guys, I have just provided a video narrative of how I make successful trades in the Market. Please watch and Enjoy. #Sirtuns15:18by Sirtuns6
GBPUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3112, which is an overlap resistance. Our take profit will be at 1.3049, a pullback support level. The stop loss will be placed at 1.3153, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM5
British Pound / U.S. Dollar _ 2024 _ Distribution prices.British Pound / U.S. Dollar _ 2024 _ Distribution prices. Distribution prices = Suport confirmation = $1.33161 1st Distribution: 1.34144 1.35290 1.35816 1.35961 ______________ 2nd Distribution: 1.37069 1.37233 1.38176 1.38261 1.38329 1.38846 1.38923 _____________ 3rd Distribution: 1.39170 1.39735 1.40202 1.40762 1.41488 _____________ 2024 End of the Economic Cycle Distribution price= 1.42528 Longby Skill-Knowledge-Conduct0
GBPUSD Long IdeaMarket as be making HH and HL so its safe to say we are in an uptrend. Now market is probably pulling back into an SnR and demand zone that was created at 0.236 and probably a trendline touch depending on how fast the pullback occurs. When market gets to our area of confluence then we can look for a bullish signal to go long. ENTER THE TRADE WITH BULLISH CANDLE STICK PARTTERN Longby Bello-swings2
Sell ideaThe general trend is SELL. This is a scalp sell. It is not an investment idea but just where I se the market possibly reversing from.Shortby Eseduabasi1
GBPUSD Buy Setup1,GBPUSD Majer Trend is Bullish. 2, Minor Trend bearish. Note: Do your Own Research and Trade wiselyLongby FalakSHAH4419
goinnn downnnLooking for a drop base drop setup, this is based from supply and demand zones as well.Shortby ScottyPipin2
ride the wave downThe dollar is going higher so ride the wave! The trend is your friend!Shortby misternico0
GBPUSD LONGGBPUSD LONG GBPUSD retested the resistance level of 1.3110. GBPUSD is now about to bought with lot of volume. its time to buy GBPUSD with 1:1 Ratio... Longby Indextrader_praveen2
GBP/USD Breakout Alert: Potential Bear Ride Ahead! Breakout Inside Day: A breakout inside day pattern is observed, signaling a potential move. Critical Level: A close below 1.3100 could indicate a strong bearish momentum. Support Zone: The next major support is at 1.2800, which could be the target if the bearish trend continues. RSI Insight: RSI at 58 suggests momentum is cooling, making it a critical point to watch for a potential downturn. Shortby GlobalMarketGuru6
Short trade Trade Details: Date: 2nd September 2024 Pair: GBP/USD Time: 11:00 PM during the Tokyo Session PM Trade Type: Sellside trade Entry Level: 1.31543 Profit Level: 1.31998 (a 0.66%) Stop Level: 1.31341 (a 0.11% ) Risk-Reward Ratio (RR): 6.22 Thought Process: On the morning of 3rd September 2024, at 6:30 AM GMT, we observed a bias towards the downside. This assessment was influenced by a previous buyside trade, indicating a potential shift in market sentiment. The stop loss of the prior trade suggests that the market may be experiencing downward pressure, leading to a sellside trade. The high Risk-Reward Ratio (RR) of 6.22 indicates taking on a relatively small risk compared to the potential reward, which aligns with my observation of a strong downside bias. This setup suggests confidence and continuation of the downward movement. Further to add the previous stop executed in the buyside trade, with an RR of 3.32, also supports the current sellside narrative showing a pattern of lower highs at this time. Shortby davidjulien369Updated 2
GBPUSD | Bearishprice has started its bearish trend by forming a series of LH and LL. will take short entries on 0.5 and 0.6 fib level. risk 0.25% Shortby SulemanAhsanUpdated 113
GBP USD Trade Setup 1 hour timeframe.Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish.. As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs. On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we can sell we need to see a pullback of the next candlestick retesting the lower low level. ⏰Shortby OfficialUBKFX2